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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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Understanding the Math Behind the Mortgage

By Len Penzo

Last month, interest rates reached the psychological 8% barrier for the first time in more than a decade, and there is speculation that they will continue to rise. But do homeowners know the math behind the mortgage? After all, buying a home is a big ...

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December 20, 2023

10 Old Wives’ Tales Masquerading As Financial Rules of Thumb

By Len Penzo

It's been said that if the palm of your right hand itches, you'll soon be coming into money. On the other hand (seriously, no pun intended), it's also been said that if your left palm itches you'll soon be paying out money. Don't laugh. There are ...

Continue reading 10 Old Wives’ Tales Masquerading As Financial Rules of Thumb

December 4, 2023

Exploring the Benefits and Process of Opening a Foreign Bank Account

By Enero Febrero

In an increasingly interconnected world, having a foreign bank account has become a strategic asset for individuals and businesses alike. Whether for facilitating international transactions, asset protection, or diversification, a foreign bank ...

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November 28, 2023

5 Ways to Fund a Small Business Without Bank Loans

By Sabado Domingo

Most people dream of opening the doors to their own bookstores, record shops, accounting offices, and more, but very few ever achieve such a feat for a very good reason: lack of funding. Small businesses require quite a bit of capital to get off the ...

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November 1, 2023

The Pros and Cons of Higher Interest Rates

By Rebecca Kennedy

There's been quite a bit of chatter, from news sources to social media, about the potential for further hikes in interest rates. And although interest rates still remain at historically moderate levels, rumors of further moves by the Fed abound. The ...

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September 20, 2023

How Our Perverse Debt-Based Monetary System Works

By Len Penzo

No, you're not going crazy, folks. In today's world, nothing is as it seems anymore. Down is up. Bad is good. Black is white. And the money in your wallet -- as well as the stuff making up your bank and retirement accounts -- is nothing but an empty ...

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September 4, 2023

Dollar Bill Trivia: Fun Facts That Will Help Unravel the True Meaning of a Dollar

By Len Penzo

Have you ever looked really closely at the US one-dollar bill? It may not buy much anymore, but for those interested in dollar-bill trivia, there's a lot of stuff going on with that humble bill -- and some of it is actually kind of creepy. Today ...

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August 14, 2023

The Definitive Homebuyer’s Guide to Mortgage Junk Fees

By Len Penzo

After many years, I've become very familiar with that eternal home loan enigma known as the mortgage junk fee. It's hard not to become familiar with mortgage junk fees after buying two homes and refinancing my mortgage multiple times. As a result, I ...

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July 31, 2023

The Most Important Power Tool a Household CEO Can Own

By Len Penzo

There are more than eight-million victims of identity theft in the United States every year; on average they lose $750 per incident and spend 59 hours of personal time closing fraudulent accounts. You can reduce your risk of identity fraud by ...

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June 29, 2023

Summer Spending Season: How to Take a Vacation from the Stress

By Sabado Domingo

Summer is just around the corner - but are you ready? Not only for the beach weekends, family vacations, 4th of July festivities and kids' camps, but also for all the expenses that tend to heat up over the season? That's because summer is a big ...

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June 14, 2023

Lost Checks: Is Not Stopping Payment Worth the Risk?

By Len Penzo

I wish I was as smart as my kids. They're never wrong. Never. If you don't believe me, just ask them. As a matter of fact, I was reminded of that little "fact" last month after the Honeybee noticed that a couple of checks hadn't been cashed by my ...

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June 12, 2023

Why Lazy People Shouldn’t Automate Their Finances

By Len Penzo

Millions of successful household CEOs automate their finances in order to save time and money, and help them reach their financial goals. For example, prepaying your utility bills, the mortgage and other loans helps eliminate late fees and postage. ...

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May 18, 2023

How to Get a Higher Credit Score No Matter How Bad Your Finances Are

By Anum Yoon

Imagine being so rich you never had to borrow money! Sadly, most of aren't that fortunate, which is why many people endeavor to discover how to get a higher credit score. If you're wealthy enough to pay cash for any car or home you like, then you ...

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February 28, 2023

Debit or Credit: Which One Is Better?

By Len Penzo

"What kind of dressing would you like on your salad?" For most people, it's a simple decision -- but not for me. I don't know why, but when my server presents that question I usually tense up and act like I've just been asked the million-dollar ...

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February 20, 2023

18 Personal Finance Facts You Didn’t Know About US Presidents

By Len Penzo

Sitting US presidents may be considered the most powerful men in the free world, but they still put their pants on one leg at a time. And while some American presidents were financially successful during their lives, there were others who encountered ...

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February 13, 2023

101 Slang Terms for Money

By Len Penzo

In 1737, Benjamin Franklin published The Drinker's Dictionary, a long list of over 200 alternative terms and phrases for being drunk. On the other hand, good ol' Ben never published a similar list of money slang -- which I find to be curious when you ...

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November 14, 2022

The Pros and Cons of 5 Legal (and Illegal) Cash Advance Options

By Len Penzo

Let's get one thing straight; no matter how you slice it, when you're short on money, looking for a quick cash advance is the Hail Mary pass of personal finance. So a cash advance should always be the option of last resort. In an ideal world, ...

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October 24, 2022

End the Fed: Why the Federal Reserve Must Be Abolished

By Len Penzo

The central bank is an institution of the most deadly hostility existing against the principles and form of our Constitution. If the American people allow private banks to control the issuance of their currency, first by inflation and then by ...

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September 29, 2022

Multi-Currency Bank Accounts: Do You Need One?

By Sabado Domingo

Owning a personal or business multi-currency account has become the best option to conduct business worldwide because it enables you to transact using different currencies depending on the nature of your business or preference without worrying about ...

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August 30, 2022

18 Amazing Facts You Didn’t Know About ATMs

By Len Penzo

There was a time not too long ago when the ATM (automated teller machine) was known as the most important invention in the history of banking -however, that changed with the development of mobile payment and mobile banking. Even so, the ATM isn't ...

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August 8, 2022

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